PUBLISHER: The Business Research Company | PRODUCT CODE: 1414549
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414549
“Riot Control System Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on riot control system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for riot control system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The riot control system market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A riot control system is a specialized apparatus employed by law enforcement agencies for the management of riots and by military forces for training and combat purposes. This system is designed primarily for use by special military and police forces responsible for crowd control during tumultuous political or social protests, as well as in situations involving hooligans and other unruly elements.
The key components of a riot control system include defensive weapons and offensive weapons. Defensive weapons are characterized by their limited range and area of destruction, making them suitable for use exclusively within one's own territory. These weapons serve as personal defense tools, primarily intended to protect the user from potential attackers. Various technologies, such as electromagnetic, mechanical and kinetic, chemical, and others, are employed in the development of these weapons. The end-users of riot control systems encompass law enforcement agencies and the military.
The riot control system market research report is one of a series of new reports from The Business Research Company that provides riot control system market statistics, including riot control system industry global market size, regional shares, competitors with a riot control system market share, detailed riot control system market segments, market trends and opportunities, and any further data you may need to thrive in the riot control system industry. This riot control system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The riot control system market size has grown strongly in recent years. It will grow from $10.73 billion in 2023 to $11.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The expansion observed in the historical period can be attributed to several factors, including the proliferation of digital devices, widespread adoption of smartphones and tablets, growth in consumer electronics, increasing demand for mobile app storage, expansion of gaming consoles, and a rise in the need for data storage. These trends collectively contributed to the growth of the respective industries and drove the increased usage and storage requirements associated with digital content and applications.
The riot control system market size is expected to see strong growth in the next few years. It will grow to $14.29 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The projected growth in the forecast period is chiefly propelled by heightened adoption in automotive applications, escalating concerns related to cybersecurity and data privacy, a growing market demand for wearable devices, and expanded utilization in industrial settings, notably emphasizing environmentally sustainable materials. Key trends anticipated in the forecast period include advancements in speed and performance, improved security features and encryption, the seamless integration of smart technologies, market consolidation facilitated by strategic partnerships, and the supportive role of cloud storage.
The anticipated growth in the riot control system market is expected to be driven by the escalation of regional violence. Regional violence, characterized by conflicts involving multiple collective actors within a specific geographic area, is on the rise. Riot control systems play a crucial role in supporting the deployment and movement of police officers to quell such violence. The prevalence of communal violence and protests has contributed to the surge in regional violence. According to data from the Armed Conflict Location and Event Data Project (ACLED), a US-based NGO specializing in conflict data, white supremacy and nationalism accounted for 21% of far-right demonstrations in 2022, up from 15% the previous year. Additionally, anti-LGBT+ sentiments were associated with 14% of far-right demonstrations in 2022, a significant increase from 3% in the preceding year. Consequently, the upward trend in regional violence is a key driver for the growth of the riot control system market.
The market is expected to benefit from increased investments in the military and law enforcement sectors. These investments have far-reaching implications, impacting both the nations making the investments and the global geopolitical landscape. Allocated funds are directed towards the development and enhancement of riot control systems, specifically designed to manage and control civil disturbances, public protests, and riots. As an illustration, the US Department of Defense reported that the discretionary budget authority for the military was approximately $705.39 billion in FY2021, with a projected budget request of $773.0 billion for FY2023. This increase reflects the National Defense Strategy's focus on addressing challenges posed by China. Consequently, the growing investments in the military and law enforcement sectors are significant contributors to the ongoing growth of the riot control system market.
A prominent trend driving popularity in the riot control system market is a focus on product innovations by major industry players. Companies within the riot control system sector are dedicated to developing cutting-edge solutions as a strategic approach to fortify their market positions. An illustrative example is Safariland LLC, a US-based manufacturer of personal protective equipment, which introduced two advanced armor systems, namely the SHIFT 360 scalable plate rack system and the FAV (Fast Attack Vest), in February 2021. These innovative armor systems provide enhanced flexibility for individuals in service, offering maneuverability and adaptable, user-customizable coverage against extreme threats. The third-generation scalable plate rack system in SHIFT 360 and the Gen 3 FAV soft armor with ballistic coverage for the front, back, shoulder, and sides distinguish these groundbreaking products.
Collaboration and partnerships represent another pivotal strategy adopted by major companies to consolidate their positions in the riot control system market. Collaborative efforts and partnerships in this domain involve the pooling of strengths, resources, and expertise to advance and succeed in riot control technologies and solutions. An exemplar of this strategic approach is evident in the January 2021 collaboration between Axon Enterprise Inc., a US-based public safety technologies provider, and Cancom Securities, a Canada-based private security company. This collaboration aims to offer private security firms a more comprehensive and integrated body-worn camera solution by combining Cancom's private security knowledge with Axon's expertise in body cameras.
In December 2021, KWESST Micro Systems Inc., a Canada-based company specializing in proprietary next-generation technologies providing a tactical advantage, completed the acquisition of Police Ordnance Company Inc. and its ARWEN less-lethal product line for $458,000. This strategic acquisition is designed to boost sales and customer support for KWESST Micro Systems Inc. Police Ordnance Company Inc., based in Canada, is a significant manufacturer and distributor of law enforcement products.
Major companies operating in the riot control system market report are AMTEC Less-Lethal Systems Inc., Armament Systems And Procedures Inc., BAE Systems plc, Combined Systems Inc., Condor Non-Lethal Technologies Inc., Dae-Kwang Chemical Co. Ltd., Eagle Industries Inc., Genasys Inc., Katmerciler Savunma Sanayi A.S., Lamperd Less Lethal Inc., NonLethal Technologies Inc., Raytheon Technologies Corporation, Streit Group FZE, The Safariland Group, Axon Enterprise Inc., 3A Composites, LRAD Corporation, Taser International Inc., Uintech Ltd., Desert Wolf Ltd., PACEM Defense LLC, Safariland LLC, Retractable Technologies, PPG Industries Inc., ArmorSource LLC, Honeywell International Inc., Shooting Supplies Inc., Allegheny Technologies Inc., CeraShield, General Electric Company
North America was the largest region in the riot control system market in 2023. The regions covered in the riot control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the riot control system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The riot control system market consists of sales of CS Gas, non-lethal projectiles, long range acoustic device (LRAD), active denial system (ADS), bayonets and other non-lethal weapons. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.